India’s crude import bill declined by 11% to $80.9 billion during April-November of FY26, compared with $91.9 billion in the year-ago period thanks to lower prices, according to data from the government’s petroleum planning and analysis cell.

The country imported 163.4 million tonnes (MT) of crude oil during April to November, up from 159.5 million tonnes in the same period of previous fiscal.

India’s reliance on crude oil imports increased to 80.2% during the period, up from 79.8% in April-November, 2024 amid rising demand. While the dependency increased, the........

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